• Housing comments from Soylent Green

    2 monthes ago - By Calculated Risk

    Long term readers will remember mortgage broker "Soylent Green is People". He sent me these comments on housing that I'll pass along:
    "A bit of a panic is breaking out amongst my Realtor friends. Sales are down. There are more cancellations right before closings than usual. Builders are getting a few drop outs as well on some of their units, but that could be tied to overseas buyers with other concerns. If this sales "air pocket" continues, we might see some Agents have to actually marketing, rather than just shilling their homes at the first buyer through the door. A few Agents have seen...
    Read more ...